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General News of Sunday, 25 May 2025

    

Source: www.ghanawebbers.com

Keep quiet and allow Ato Forson and BoG boss to work on the economy – Bawumia told

Godwin Edudzi Tameklo is the acting CEO of the National Petroleum Authority (NPA). He advised former Vice President Dr. Mahamudu Bawumia to stay quiet. Tameklo wants Bawumia to let the finance minister and Bank of Ghana Governor handle the economy.

Tameklo believes the NPP's significant loss in the 2024 elections was due to poor management of cedi depreciation. He urged Bawumia to be sober and allow the NDC government to revive the economy.

On May 24, 2025, during an interview on TV3’s KeyPoints, Tameklo criticized Bawumia's claims. He said, “When he says he doesn’t know what has been done, it shows dishonesty.” He added that such a scorecard earned Bawumia only 41% in the election.

Tameklo pointed out that Bawumia should reflect on his record as an economist. He noted that under Bawumia's watch, inflation peaked at 57%, and the cedi reached GHC17.

He stated that Bawumia is in a difficult position. To regain support for the NPP, he must energize his base. If not, Tameklo suggested he should remain silent and let Ato Forson manage economic matters.

This comment followed Dr. Bawumia's assertion about NDC policies regarding cedi appreciation. According to him, the NDC cannot identify any policy contributing to this improvement.

During a meeting with the Young Executive Forum (YEF) in London, Dr. Bawumia elaborated on his views. He claimed that if asked, the NDC could not name one implemented policy leading to currency appreciation.

He emphasized that since they only passed their budget in March without issuing contracts or payments, no effective policy exists yet for this impact on currency performance.